June 25, 2011
Michael Petruccelli asks; Despite all the talk, are the chances of a major overhaul slim?
Michael  Petruccelli says; Support of the public is crucial, and the  commission's idea didn't get such acclaim. Remember that the 1986 tax  reform law imposed a $120 billion tax hike on business to fund a  similarly sized tax cut fr individuals as the price to get the public's  backing. It's hard to imagine business groups swallowing he same deal  today. If anything, the current overhaul efforts may result in some  tinkering around the tax code's edges.